CORDINART: what changed
CORDINART
Largest movements
- Receivables within one year +€37,667
up €37,667 (+41.1%), from €91,683 to €129,350
- Cash -€7,181
down €7,181 (-73.9%), from €9,719 to €2,538
mainly Receivables within one year (-€37,667)
- Profit (loss) carried forward +€21,247
up €21,247 (+10.9%), from -€195,714 to -€174,467
- Other debts +€5,799
up €5,799 (+23.2%), from €25,000 to €30,799
- Tax, wage and social debts +€2,190
up €2,190 (+305%), from €719 to €2,909
- Gross operating margin -€17,015
down €17,015 (-43.9%), from €38,750 to €21,735
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,402 | €131,888 | +€30,486 | +30.1% |
| Current assets | 29/58 | €101,402 | €131,888 | +€30,486 | +30.1% |
| Amounts receivable within one year | 40/41 | €91,683 | €129,350 | +€37,667 | +41.1% |
| Other amounts receivable | 41 | €91,683 | €129,350 | +€37,667 | +41.1% |
| Cash at bank and in hand | 54/58 | €9,719 | €2,538 | -€7,181 | -73.9% |
| Total equity and liabilities | 10/49 | €101,402 | €131,888 | +€30,486 | +30.1% |
| Equity | 10/15 | €71,933 | €93,180 | +€21,247 | +29.5% |
| Contributions | 10/11 | €266,486 | €266,486 | = | 0.0% |
| Reserves | 13 | €1,161 | €1,161 | = | 0.0% |
| Distributable reserves | 133 | €1,161 | €1,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,714 | -€174,467 | +€21,247 | +10.9% |
| Amounts payable | 17/49 | €29,469 | €38,708 | +€9,239 | +31.4% |
| Amounts payable within one year | 42/48 | €25,719 | €33,708 | +€7,989 | +31.1% |
| Taxes, remuneration and social security | 45 | €719 | €2,909 | +€2,190 | +305% |
| Taxes | 450/3 | €719 | €2,909 | +€2,190 | +305% |
| Other amounts payable | 47/48 | €25,000 | €30,799 | +€5,799 | +23.2% |
| Accrued charges and deferred income | 492/3 | €3,750 | €5,000 | +€1,250 | +33.3% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €38,750 | €21,735 | -€17,015 | -43.9% |
| Operating profit (loss) | 9901 | €38,750 | €21,348 | -€17,402 | -44.9% |
| Financial charges | 65/66B | - | €101 | +€101 | |
| Recurring financial charges | 65 | - | €101 | +€101 | |
| Profit (loss) for the period before taxes | 9903 | €38,750 | €21,247 | -€17,503 | -45.2% |
| Profit (loss) for the period | 9904 | €38,750 | €21,247 | -€17,503 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,750 | €21,247 | -€17,503 | -45.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.